Reform Redux: Measurement, Determinants and Reversals

Nauro Campos and Roman Horvath

Working Papers from Czech National Bank

Abstract: What do we know about the effects of structural reforms? One main reason the answer may be “little†is inadequate measurement. In this paper we put forward improved measures of economic liberalization across countries over time. We show that structural reforms, carefully measured, follow richer dynamics (than those from existing indexes) which are very closely linked to the theoretical work. For example, we find FDI inflows reduce the likelihood of privatization reversals and labour strikes increase that of price liberalization reversals. We also find that our new measures, in standard specifications, have larger and more precisely estimated impacts on growth.

Keywords: Structural reforms; reform reversals; price liberalization; trade liberalization; privatization; political economy. (search for similar items in EconPapers)
JEL-codes: D72 E23 H26 O17 (search for similar items in EconPapers)
Date: 2009-12
New Economics Papers: this item is included in nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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https://www.cnb.cz/export/sites/cnb/en/economic-re ... wp/cnbwp_2009_06.pdf

Related works:
Working Paper: Reform Redux: Measurement, Determinants and Reversals (2006)
Working Paper: Reform Redux: Measurement, Determinants and Reversals (2006)
Working Paper: Reform Redux: Measurement, Determinants and Reversals (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:cnb:wpaper:2009/6

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